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View online Hi, here is your weekly round-up of highlights from Out-Law News. As always, there are plenty of other stories from this week. You can also access our archive of weekly emails  Free Out-Law Breakfast Seminars, November 2012 Clouding your vision: the opportunities and hidden dangers of B2B cloud computing London, Birmingham, Manchester, Leeds, Glasgow and Edinburgh. Register your interest: http://www.out-law.com/en/outlaw-events/ This week's highlights from Out-Law News TMT & Sourcing and Intellectual Property Businesses urged to review cloud security features when selecting provider following study Cloud providers may not have sufficient security in place to prevent malicious cyber attacks on organisations from within the cloud environment, according to a security consultancy. 31/10/2012 Regulators should have greater freedom to interpret new EU data protection laws, say MPs The Information Commissioner's Office and other data protection authorities across the EU should have the freedom to interpret new EU data protection laws in order to determine organisations' compliance with the rules, a Parliamentary committee has recommended. 01 Nov 2012 ASA censures Virgin because small print "contradicted, not clarified" main claims Small print in a Virgin Media advert contradicted rather than clarified an advert's main claims and breached UK advertising rules, the Advertising Standards Authority (ASA) said. 31/10/2012 Bank system security flaw enables theft of more than $1m from Citibank A failing within a major bank's security systems enabled thieves to steal more than $1 million, the US law enforcement body has said. 31/10/2012 UK will see the benefits that superfast broadband access can bring in time, new report says Businesses in the UK will see benefits from having access to superfast broadband but may have to wait a while before those benefits materialise, according to a research company. 30/10/2012 Publishers should accept regulation and push for ADR, says expert OPINION: Lord Justice Leveson will almost certainly recommend that newspapers be bound by legislation regulating their activities, and newspapers should take the opportunity to lobby for alternative ways to settle libel and other disputes. 30/10/2012 Pensions Last chance to adapt flex schemes for pensions auto-enrolment, says expert Employers with flexible benefit schemes (flex schemes) that are getting ready to send information about renewals to their employees must make sure that they provide information about pensions automatic enrolment, an expert has said. 01/11/2012 Tax Capital loss scheme with "matching" derivatives fails, says Upper Tribunal A capital loss scheme failed because the profits and losses generated by "matching" derivative contracts were not income profits because they were not entered into for normal commercial purposes, according to a decision of the Upper Tribunal. 01/11/2012 HMRC fail to show that only reasonable explanation was that mobile phone transactions were connected with MTIC fraud A mobile phone trader could recover its VAT input tax because HMRC could not demonstrate that the "only reasonable explanation" of transactions were that they were fraudulent, the First Tier Tax Tribunal has ruled. 31/10/2012 Energy Four carbon capture projects shortlisted for share of £1bn Government funding Four full-chain carbon capture and storage (CCS) projects have been shortlisted for a share of £1 billion in Government funding that is designed to support the development of CCS. 31/10/2012 Infrastructure Inadequate planning and weak governance led to "flawed" West Coast procurement A number of "significant errors" including inadequate planning and a weak governance and quality assurance framework, led to the "flawed process" which ended with the cancellation of the West Coast Main Line franchise competition, according to an initial. 30/10/2012 Financial Services Social Media and Financial Services – time for a strategy? John Salmon’s Financial Services blog Those reading recent reports on the use of social media by financial services companies have probably been prompted to ask some important questions, such as: has anyone seen the social media policy? 29/10/2012   Pinsent Masons: combining the experience, resources and international reach of McGrigors and Pinsent Masons   About this email This is a weekly email for subscribers of Out-Law.com, a website with more than 10,000 pages of legal news and guidance. If and when you need further advice, we hope you'll choose Pinsent Masons, the law firm behind Out-Law.com .   Please forward this email to your friends. If someone forwarded this email to you and you'd like your own subscription, register here. 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